Summary
RMO No. 38-2016 revokes RMO Nos. 24-2016 and 25-2016, which prescribed the investigation of parties in transactions involving the transfer, assignment or sale of properties.
CollapseExpand
Key points
- Revocation. RMO Nos. 24-2016 and 25-2016 on investigating parties to property transfer, assignment or sale transactions are revoked.
- Rules that apply. Transactions affected by the Order are governed by the rules that existed before the revoked RMOs were issued.
Who is affected
- Parties to transfer, assignment or sale of property transactions
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.